Friday 22 August 2008

Four officials of real-estate developer Sama Dubai have been arrested and are being questioned by Dubai’s Public Prosecution,

Four officials of real-estate developer Sama Dubai have been arrested and are being questioned by Dubai’s Public Prosecution, adding to the number of persons under investigation over allegations of bribe-taking and other financial wrongdoings.One of the four people being held is Abdulsalam Almarri, chief executive of the Lagoon project of Sama Dubai, the international real-estate development and investment arm of the government-owned Dubai Holding, said a report by Zawya Dow Jones, citing the documents it saw on Thursday.A Sama Dubai spokesperson said in a phone interview that he is trying to contact the company’s executive chairman, Farhan Faraidooni, who is out of the country, for “confirmation or negation” of the report.
“But as of now I have no information whether this is true or not,” said the spokesperson.On Tuesday a former employee of Nakheel, another company owned by the government, was reported to be under investigation over allegations of bribe-taking, bringing to two the number of persons being investigated in connection with bribery at Nakheel.Nakheel issued a statement on Friday confirming that a current employee was undergoing investigation by authorities for allegedly accepting bribes from another party. But it stressed that no embezzlement had happened in the company.
Dubai’s Public Prosecution issued a statement on Sunday saying that the government has a zero-tolerance policy against corruption, following a series of police probes this year into alleged financial wrongdoings by employees at firms including Tamweel, Dubai Islamic Bank and Deyaar Development.

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